Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries (Tables)

9 Months Ended

Sep. 30, 2015

Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]

Condensed Consolidating Balance Sheets



Condensed Consolidating Balance Sheet at September 30, 2015	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		Platinum Underwriters Finance, Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Assets
Total investments	$	201,274	$	64,645	$	264,262	$	—	$	8,469,583		$	—		$	8,999,764
Cash and cash equivalents	12,748		1,797		1,061		6,735		502,205			—			524,546
Investments in subsidiaries	4,142,941		45,473		928,866		1,238,826		—			(6,356,106		)	—
Due from subsidiaries and affiliates	127,838		134,755		—		—		—			(262,593		)	—
Premiums receivable	—		—		—		—		864,198			—			864,198
Prepaid reinsurance premiums	—		—		—		—		258,445			—			258,445
Reinsurance recoverable	—		—		—		—		141,416			—			141,416
Accrued investment income	815		100		306		—		39,634			—			40,855
Deferred acquisition costs	—		—		—		—		213,599			—			213,599
Receivable for investments sold	198		—		—		—		321,558			—			321,756
Other assets	376,693		35,177		18,694		118,267		(154,428		)	(122,474		)	271,929
Goodwill and other intangible assets	—		—		—		—		270,213			—			270,213
Total assets	$	4,862,507	$	281,947	$	1,213,189	$	1,363,828	$	10,926,423		$	(6,741,173	)	$	11,906,721
Liabilities, Noncontrolling Interests and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—	$	—	$	—	$	—	$	2,796,062		$	—		$	2,796,062
Unearned premiums	—		—		—		—		1,042,012			—			1,042,012
Debt	117,000		—		271,407		549,021		148,793			(117,000		)	969,221
Amounts due to subsidiaries and affiliates	2,534		126		95		135,016		—			(137,771		)	—
Reinsurance balances payable	—		—		—		—		533,174			—			533,174
Payable for investments purchased	13,171		—		—		—		589,405			—			602,576
Other liabilities	32,159		—		5,055		—		212,265			(5,474		)	244,005
Total liabilities	164,864		126		276,557		684,037		5,321,711			(260,245		)	6,187,050
Redeemable noncontrolling interest	—		—		—		—		1,022,028			—			1,022,028
Shareholders’ Equity
Total shareholders’ equity	4,697,643		281,821		936,632		679,791		4,582,684			(6,480,928		)	4,697,643
Total liabilities, noncontrolling interests and shareholders’ equity	$	4,862,507	$	281,947	$	1,213,189	$	1,363,828	$	10,926,423		$	(6,741,173	)	$	11,906,721


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Balance Sheet at December 31, 2014	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)		Consolidating Adjustments (2)			RenaissanceRe Consolidated
Assets
Total investments	$	137,006	$	88,150		$	6,518,594	$	—		$	6,743,750
Cash and cash equivalents	5,986		1,033			518,565		—			525,584
Investments in subsidiaries	3,509,974		51,812			—		(3,561,786		)	—
Due from subsidiaries and affiliates	126,548		23			—		(126,571		)	—
Premiums receivable	—		—			440,007		—			440,007
Prepaid reinsurance premiums	—		—			94,810		—			94,810
Reinsurance recoverable	—		—			66,694		—			66,694
Accrued investment income	—		121			26,388		—			26,509
Deferred acquisition costs	—		—			110,059		—			110,059
Receivable for investments sold	10		—			52,380		—			52,390
Other assets	112,400		1,242			123,661		(101,458		)	135,845
Goodwill and other intangible assets	—		—			7,902		—			7,902
Total assets	$	3,891,924	$	142,381		$	7,959,060	$	(3,789,815	)	$	8,203,550
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—	$	—		$	1,412,510	$	—		$	1,412,510
Unearned premiums	—		—			512,386		—			512,386
Debt	—		249,522			—		—			249,522
Amounts due to subsidiaries and affiliates	6,000		49,015			—		(55,015		)	—
Reinsurance balances payable	—		—			454,580		—			454,580
Payable for investments purchased	—		—			203,021		—			203,021
Other liabilities	20,209		4,013			351,344		(1,458		)	374,108
Total liabilities	26,209		302,550			2,933,841		(56,473		)	3,206,127
Redeemable noncontrolling interest	—		—			1,131,708		—			1,131,708
Shareholders’ Equity
Total shareholders’ equity	3,865,715		(160,169		)	3,893,511		(3,733,342		)	3,865,715
Total liabilities, redeemable noncontrolling interest and shareholders’ equity	$	3,891,924	$	142,381		$	7,959,060	$	(3,789,815	)	$	8,203,550


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.

Condensed Consolidating Statements of Operations



Condensed Consolidating Statement of Operations for the nine months ended September 30, 2015	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Platinum Underwriters Finance, Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	—		$	—		$	1,038,976		$	—		$	1,038,976
Net investment income	8,773			950			2,609			856			101,355			(7,894		)	106,649
Net foreign exchange gains (losses)	(6		)	—			—			—			(4,248		)	—			(4,254		)
Equity in earnings of other ventures	—			—			—			—			17,185			—			17,185
Other income	663			—			—			—			12,764			(8,155		)	5,272
Net realized and unrealized (losses) gains on investments	(2,248		)	(2,079		)	(20,434		)	—			(1,340		)	—			(26,101		)
Total revenues	7,182			(1,129		)	(17,825		)	856			1,164,692			(16,049		)	1,137,727
Expenses
Net claims and claim expenses incurred	—			—			—			—			346,225			—			346,225
Acquisition expenses	—			—			—			—			183,193			—			183,193
Operational expenses	4,665			3,705			3			1,253			145,192			(6		)	154,812
Corporate expenses	36,327			262			3			222			29,318			—			66,132
Interest expense	1,114			7,233			3,445			9,413			12,454			(8,348		)	25,311
Total expenses	42,106			11,200			3,451			10,888			716,382			(8,354		)	775,673
Income (loss) before equity in net income (loss) of subsidiaries and taxes	(34,924		)	(12,329		)	(21,276		)	(10,032		)	448,310			(7,695		)	362,054
Equity in net income (loss) of subsidiaries	368,315			7,513			29,533			59,262			—			(464,623		)	—
Income (loss) before taxes	333,391			(4,816		)	8,257			49,230			448,310			(472,318		)	362,054
Income tax (expense) benefit	—			34,012			7,990			3,511			8,806			—			54,319
Net income (loss)	333,391			29,196			16,247			52,741			457,116			(472,318		)	416,373
Net income attributable to noncontrolling interests	—			—			—			—			(82,982		)	—			(82,982		)
Net income (loss) attributable to RenaissanceRe	333,391			29,196			16,247			52,741			374,134			(472,318		)	333,391
Dividends on preference shares	(16,786		)	—			—			—			—			—			(16,786		)
Net income (loss) attributable to RenaissanceRe common shareholders	$	316,605		$	29,196		$	16,247		$	52,741		$	374,134		$	(472,318	)	$	316,605


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Operations for the three months ended September 30, 2015	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Platinum Underwriters Finance, Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	—		$	—		$	362,388		$	—		$	362,388
Net investment income	6,051			319			1,428			352			26,283			(6,095		)	28,338
Net foreign exchange gains (losses)	(8		)	—			—			—			624			—			616
Equity in earnings of other ventures	—			—			—			—			5,730			—			5,730
Other income	—			—			—			—			5,517			(3,211		)	2,306
Net realized and unrealized (losses) gains on investments	(1,752		)	(3,094		)	(19,046		)	—			(17,246		)	—			(41,138		)
Total revenues	4,291			(2,775		)	(17,618		)	352			383,296			(9,306		)	358,240
Expenses
Net claims and claim expenses incurred	—			—			—			—			100,028			—			100,028
Acquisition expenses	—			—			—			—			78,126			—			78,126
Operational expenses	1,224			227			2			1,253			51,812			—			54,518
Corporate expenses	4,490			11			3			138			2,860			—			7,502
Interest expense	351			—			1,476			6,407			5,691			(3,563		)	10,362
Total expenses	6,065			238			1,481			7,798			238,517			(3,563		)	250,536
Income (loss) before equity in net income (loss) of subsidiaries and taxes	(1,774		)	(3,013		)	(19,099		)	(7,446		)	144,779			(5,743		)	107,704
Equity in net income (loss) of subsidiaries	82,898			1,965			19,407			10,747			—			(115,017		)	—
Income (loss) before taxes	81,124			(1,048		)	308			3,301			144,779			(120,760		)	107,704
Income tax (expense) benefit	—			1,264			10,136			2,558			(9,385		)	—			4,573
Net income (loss)	81,124			216			10,444			5,859			135,394			(120,760		)	112,277
Net income attributable to noncontrolling interests	—			—			—			—			(31,153		)	—			(31,153		)
Net income (loss) attributable to RenaissanceRe	81,124			216			10,444			5,859			104,241			(120,760		)	81,124
Dividends on preference shares	(5,595		)	—			—			—			—			—			(5,595		)
Net income (loss) attributable to RenaissanceRe common shareholders	$	75,529		$	216		$	10,444		$	5,859		$	104,241		$	(120,760	)	$	75,529


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Operations for the nine months ended September 30, 2014	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	805,929		$	—		$	805,929
Net investment income	2,013			1,352			97,869			(2,804		)	98,430
Net foreign exchange (losses) gains	(5		)	—			6,372			—			6,367
Equity in earnings of other ventures	—			—			21,237			—			21,237
Other loss	—			(8		)	(1,634		)	—			(1,642		)
Net realized and unrealized gains on investments	32			5,364			5,562			—			10,958
Total revenues	2,040			6,708			935,335			(2,804		)	941,279
Expenses
Net claims and claim expenses incurred	—			—			209,950			—			209,950
Acquisition expenses	—			—			104,727			—			104,727
Operational expenses	(3,643		)	5,138			134,177			(235		)	135,437
Corporate expenses	10,795			178			1,431			—			12,404
Interest expense	—			10,850			2,025			—			12,875
Total expenses	7,152			16,166			452,310			(235		)	475,393
(Loss) income before equity in net income of subsidiaries and taxes	(5,112		)	(9,458		)	483,025			(2,569		)	465,886
Equity in net income (loss) of subsidiaries	361,468			6,013			—			(367,481		)	—
Income (loss) before taxes	356,356			(3,445		)	483,025			(370,050		)	465,886
Income tax benefit (expense)	—			3,737			(3,944		)	—			(207		)
Net income (loss)	356,356			292			479,081			(370,050		)	465,679
Net income attributable to noncontrolling interests	—			—			(109,323		)	—			(109,323		)
Net income (loss) attributable to RenaissanceRe	356,356			292			369,758			(370,050		)	356,356
Dividends on preference shares	(16,786		)	—			—			—			(16,786		)
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	339,570		$	292		$	369,758		$	(370,050	)	$	339,570


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Operations for the three months ended September 30, 2014	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	258,979		$	—		$	258,979
Net investment income	652			433			24,790			(934		)	24,941
Net foreign exchange (losses) gains	(12		)	—			5,048			—			5,036
Equity in earnings of other ventures	—			—			9,806			—			9,806
Other loss	—			—			(1,169		)	—			(1,169		)
Net realized and unrealized (losses) gains on investments	(52		)	647			(31,692		)	—			(31,097		)
Total revenues	588			1,080			265,762			(934		)	266,496
Expenses
Net claims and claim expenses incurred	—			—			69,647			—			69,647
Acquisition expenses	—			—			37,550			—			37,550
Operational expenses	(1,527		)	1,560			47,006			(67		)	46,972
Corporate expenses	3,325			60			520			—			3,905
Interest expense	—			3,617			673			—			4,290
Total expenses	1,798			5,237			155,396			(67		)	162,364
(Loss) income before equity in net income (loss) of subsidiaries and taxes	(1,210		)	(4,157		)	110,366			(867		)	104,132
Equity in net income (loss) of subsidiaries	74,620			5,187			—			(79,807		)	—
Income (loss) before taxes	73,410			1,030			110,366			(80,674		)	104,132
Income tax benefit (expense)	—			3,091			(3,336		)	—			(245		)
Net income (loss)	73,410			4,121			107,030			(80,674		)	103,887
Net income attributable to noncontrolling interests	—			—			(30,477		)	—			(30,477		)
Net income (loss) attributable to RenaissanceRe	73,410			4,121			76,553			(80,674		)	73,410
Dividends on preference shares	(5,595		)	—			—			—			(5,595		)
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	67,815		$	4,121		$	76,553		$	(80,674	)	$	67,815


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.

Condensed Consolidating Statement of Comprehensive Income (Loss)



Condensed Consolidating Statement of Comprehensive Income (Loss) for the nine months ended September 30, 2014	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income (loss)
Net income (loss)	$	356,356	$	292	$	479,081		$	(370,050	)	$	465,679
Change in net unrealized gains on investments	—		—		(302		)	—			(302		)
Comprehensive income (loss)	356,356		292		478,779			(370,050		)	465,377
Net income attributable to noncontrolling interests	—		—		(109,323		)	—			(109,323		)
Comprehensive income attributable to noncontrolling interests	—		—		(109,323		)	—			(109,323		)
Comprehensive income (loss) attributable to RenaissanceRe	$	356,356	$	292	$	369,456		$	(370,050	)	$	356,054


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Comprehensive Income (Loss) for the nine months ended September 30, 2015	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		Platinum Underwriters Finance, Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income (loss)
Net income (loss)	$	333,391	$	29,196	$	16,247	$	52,741	$	457,116		$	(472,318	)	$	416,373
Change in net unrealized gains on investments	—		—		—		—		(1,156		)	—			(1,156		)
Comprehensive income (loss)	333,391		29,196		16,247		52,741		455,960			(472,318		)	415,217
Net income attributable to noncontrolling interests	—		—		—		—		(82,982		)	—			(82,982		)
Comprehensive income attributable to noncontrolling interests	—		—		—		—		(82,982		)	—			(82,982		)
Comprehensive income (loss) attributable to RenaissanceRe	$	333,391	$	29,196	$	16,247	$	52,741	$	372,978		$	(472,318	)	$	332,235


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Comprehensive Income (Loss) for the three months ended September 30, 2014	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income (loss)
Net income (loss)	$	73,410	$	4,121	$	107,030		$	(80,674	)	$	103,887
Change in net unrealized gains on investments	—		—		(89		)	—			(89		)
Comprehensive income (loss)	73,410		4,121		106,941			(80,674		)	103,798
Net income attributable to noncontrolling interests	—		—		(30,477		)	—			(30,477		)
Comprehensive income attributable to noncontrolling interests	—		—		(30,477		)	—			(30,477		)
Comprehensive income (loss) attributable to RenaissanceRe	$	73,410	$	4,121	$	76,464		$	(80,674	)	$	73,321


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Comprehensive Income (Loss) for the three months ended September 30, 2015	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		Platinum Underwriters Finance, Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income (loss)
Net income (loss)	$	81,124	$	216	$	10,444	$	5,859	$	135,394		$	(120,760	)	$	112,277
Change in net unrealized gains on investments	—		—		—		—		(733		)	—			(733		)
Comprehensive income (loss)	81,124		216		10,444		5,859		134,661			(120,760		)	111,544
Net income attributable to noncontrolling interests	—		—		—		—		(31,153		)	—			(31,153		)
Comprehensive income attributable to noncontrolling interests	—		—		—		—		(31,153		)	—			(31,153		)
Comprehensive income (loss) attributable to RenaissanceRe	$	81,124	$	216	$	10,444	$	5,859	$	103,508		$	(120,760	)	$	80,391


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.

Condensed Consolidating Statements Of Cash Flows



Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2015	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Platinum Underwriters Finance, Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			RenaissanceRe Consolidated
Cash flows provided by (used in) operating activities
Net cash provided by (used in) operating activities	$	(34,806	)	$	(2,814	)	$	(7,564	)	$	(11,756	)	$	219,087		$	162,147
Cash flows provided by (used in) investing activities
Proceeds from sales and maturities of fixed maturity investments trading	39,429			29,074			45,087			—			6,843,139			6,956,729
Purchases of fixed maturity investments trading	(119,725		)	(42,840		)	—			—			(7,032,228		)	(7,194,793		)
Proceeds from sales and maturities of fixed maturity investments available for sale	—			—			—			—			6,741			6,741
Net sales (purchases) of equity investments trading	—			33,682			(274,567		)	—			87,433			(153,452		)
Net sales of short term investments	26,847			1,133			236,548			—			631,499			896,027
Net sales of other investments	—			—			—			—			7,033			7,033
Net purchases of investments in other ventures	—			—			—			—			(45		)	(45		)
Net sales of other assets	—			—			—			—			4,500			4,500
Dividends and return of capital from subsidiaries	1,260,632			180,000			—			20,800			(1,461,432		)	—
Contributions to subsidiaries	(287,889		)	(13,850		)	—			(185,000		)	486,739			—
Due (from) to subsidiary	281,726			(183,621		)	20			(116,709		)	18,584			—
Net purchase of Platinum	(904,433		)	—			1,537			—			224,744			(678,152		)
Net cash provided by (used in) investing activities	296,587			3,578			8,625			(280,909		)	(183,293		)	(155,412		)
Cash flows (used in) provided by financing activities
Dividends paid – RenaissanceRe common shares	(40,883		)	—			—			—			—			(40,883		)
Dividends paid – preference shares	(16,786		)	—			—			—			—			(16,786		)
RenaissanceRe common share repurchases	(197,350		)	—			—			—			—			(197,350		)
Net issuance of debt	—			—			—			299,400			146,189			445,589
Net third party redeemable noncontrolling interest share transactions	—			—			—			—			(187,339		)	(187,339		)
Net cash (used in) provided by financing activities	(255,019		)	—			—			299,400			(41,150		)	3,231
Effect of exchange rate changes on foreign currency cash	—			—			—			—			(11,004		)	(11,004		)
Net increase (decrease) in cash and cash equivalents	6,762			764			1,061			6,735			(16,360		)	(1,038		)
Cash and cash equivalents, beginning of period	5,986			1,033			—			—			518,565			525,584
Cash and cash equivalents, end of period	$	12,748		$	1,797		$	1,061		$	6,735		$	502,205		$	524,546


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.



Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2014	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			RenaissanceRe Consolidated
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	$	(1,893	)	$	(17,965	)	$	413,247		$	393,389
Cash flows provided by (used in) investing activities
Proceeds from sales and maturities of fixed maturity investments trading	59,575			10,484			5,826,271			5,896,330
Purchases of fixed maturity investments trading	(83,444		)	—			(5,760,057		)	(5,843,501		)
Proceeds from sales and maturities of fixed maturity investments available for sale	—			—			6,076			6,076
Net purchases of equity investments trading	—			6,496			(40,421		)	(33,925		)
Net sales (purchases) of short term investments	126,121			(3,368		)	(101,175		)	21,578
Net sales of other investments	—			—			74,706			74,706
Net sales of investments in other ventures	—			—			1,030			1,030
Net sales of other assets	—			—			6,000			6,000
Dividends and return of capital from subsidiaries	665,872			7,605			(673,477		)	—
Contributions to subsidiaries	(244,925		)	(1,949		)	246,874			—
Due to (from) subsidiaries	74			(3,757		)	3,683			—
Net cash provided by (used in) investing activities	523,273			15,511			(410,490		)	128,294
Cash flows used in financing activities
Dividends paid – RenaissanceRe common shares	(34,834		)	—			—			(34,834		)
Dividends paid – preference shares	(16,786		)	—			—			(16,786		)
RenaissanceRe common share repurchases	(475,343		)	—			—			(475,343		)
Net third party redeemable noncontrolling interest share transactions	—			—			(107,091		)	(107,091		)
Net cash used in financing activities	(526,963		)	—			(107,091		)	(634,054		)
Effect of exchange rate changes on foreign currency cash	—			—			4,886			4,886
Net decrease in cash and cash equivalents	(5,583		)	(2,454		)	(99,448		)	(107,485		)
Cash and cash equivalents, beginning of period	8,796			4,027			395,209			408,032
Cash and cash equivalents, end of period	$	3,213		$	1,573		$	295,761		$	300,547

(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.